ProLogis Acquires Industrial Building On Green St, Bensenville From Transmission Parts And Technology
740 E Green St, Bensenville, IL, 60106
Building Size
33,393 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The property involved in the transaction is an industrial building located at 740 E Green St, Bensenville, IL, 60106. The building spans 33,393 square feet and sits on 1.61 acres of land in the Bensenville market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: ProLogis
- Buyer's Representative: Thomas Rodeno (Colliers International)
- Seller: Transmission Parts and Technology
- Seller's Representative: Trinity Scurto (Brown Commercial Group)
- Additional Information: ProLogis plans to redevelop the purchased property along with an adjacent site and has also acquired eight acres of nearby land for a larger development.
Key individuals and companies involved in the deal include Thomas Rodero and Jonathan Kohn of Colliers International, representing ProLogis in the transaction. Trinity Scurto represented both the seller, Sam Perricone, in another sale and the buyer in a separate transaction involving Tierra Distilling. Matt Scales of @properties represented the seller of the building acquired by Tierra Distilling for their new headquarters and distillery.
Players
Bensenville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93